PONTE VEDRA, FL. (August 21, 2006) – The rental market is tight as a result of rising interest rates discouraging renters from becoming homeowners. With rental prices reaching incredible highs, homeownership is actually a smarter option particularly with the help of the recent federal rate pause and indicators of future economic activity suggesting a cooling but not plunging economy.
Renters experiencing soaring monthly rent should consider purchasing a home, yet many are fearful of today’s changing market conditions and don’t realize that they can qualify for a loan or afford a mortgage. The key is finding resources that will educate renters about financing options and getting pre-qualified for a loan. MyHomeLink.com, a national home and realtor search website, can help renters do just that. Without surrendering any personal information, consumers are able to access free resources that will educate them about financing and everything about the home buying process. They can also search for financing no matter what their loan situation. Once they know what they can afford and are pre-qualified, they can utilize MyHomeLink.com to search for a home and find a knowledgeable real estate professional.
“The high rent that consumers are paying today could easily convert to a mortgage and an investment,” said Steve Blisko, CEO and founder of MyHomeLink.com. “Renters should be better educated about their options and we hope to help them achieve that.”
The biggest obstacle in purchasing a home is securing financing and it’s often an overwhelming and stressful task. Many consumers are not aware that not all mortgage brokers and lenders charge the same fees or have access to the same loans. Consumers should learn about different loan options based on their specific needs and shop around for the best rate. MyHomeLink.com is equipped to help consumers with their financing needs and provide other resources relative to the home buying process, no matter how little or how much information they seek. The federal rate pause is likely to only be temporary and current economic conditions provide an opportunity to turn rent money into an investment.
MyHomeLink.com is a web based service empowering homebuyers and sellers with instant free access to local agents, listings and educational resources without the need to surrender personal information. Consumers and industry professionals are welcome to visit by going to www.myhomelink.com.
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